Path: Setup > Employer Classification > Add a New Employer Classification

This section explains how to add new employer classifications to your predefined list within the system.

Steps to Add a New Employer Classification

1. Click on Add a new Employer Classification.
2. In the Description field, enter the name or description for the new employer classification.
3. Select the Enabled checkbox to activate this classification for use.

Affordability Restrictions

MaxMoney has two fields under Setups > Employer Classification > Add Classification

• Percentage of Salary
• Minimum Take Home Salary

How does it work?

1. If (client's Net Salary) is less or equal to (Minimum Take Home Salary) then Available for installment= 0
2. If (client's Net Salary) is more than (Minimum Take Home Salary) then Available for installment = (Net Salary) * (Percentage of Salary)
3. If ((client's Net Salary) - (Available for Installment)) is less than (Minimum Take Home Salary) then Available for installment = (Net Salary) - (Min Take Home Salary)

Buttons

• Save: Click this button to save the new employer classification to the database.
• Cancel: Click this button if you don't want to save the information and wish to return to the previous screen.